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  • Broker Marsh reported 6 percent organic growth within a 12 percent rise in third quarter revenues to $1.2bn, driven by strong underlying growth in its non-US operations
  • UK-listed run off firm Tawa plc saw its share price fall a further ten percent last week after profits slumped on continuing losses from the bond portfolio of its CX Re subsidiary, the former London-headquartered reinsurer CNA Re.
  • Marsh & McLennan Companies (MMC) announced on 15 September its second major restructuring in less than two years with news that it plans to shed 750 jobs as part of cost-cutting measures that it says will produce savings of $350mn a year.
  • Guy Carpenter's Adam Fox is set to join fast-expanding London market broker Glencairn Ltd, The Insurance Insider can reveal. Fox, a Guy Carpenter managing director specialising in accident and health reinsurance, resigned from the reinsurance broker ea
  • Post 9/11 Bermudian powerhouse Axis Capital saw a 13 percent increase in its fourth quarter net income, according to its latest earnings statement.
  • Losses from the global credit market crisis are set to top $600bn, with banks and brokers accounting for over half that figure, according to UBS analyst Geraud Charpin.
  • The spate of litigation in relation to the Washington Metro train crash in June 2009 that killed nine people and seriously injured a number of others has continued apace, with the Washington Metropolitan Area Transit Authority (WMATA) now seeking more than $13mn from Lexington.
  • Marsh & McLennan Companies (MMC) has announced its second major restructuring in less than two years with news that it plans to shed 750 jobs as part of cost-cutting measures that it says will produce savings of $350mn a year.
  • Although less than some estimates, the impending IPO of insurer Catlin Group Ltd will still value the firm at a premium to many of its peers.
  • Canadian financial services holding company Fairfax has announced it will buy back up to 950,000 of its subordinate voting shares, accounting for approximately 10 percent of its currently outstanding subordinate voting shares.